Crypto News- Anatoly Yakovenko, one of the co-founders of Solana, recently took to X (formerly Twitter) to share a nostalgic reflection on the journey that led to the inception of Solana, a crypto project now valued at over $30 billion.
SOL’s Soaring Success: Founder of Solana Recalls Humble Beginnings
In his X post, Yakovenko revealed that December 9 marks the six-year anniversary since he embarked on the mission to secure funding for what eventually became Solana (SOL). He recounted engaging in extensive conversations within his network, attending countless startup and crypto meetups, and actively connecting with numerous individuals.
Yakovenko candidly addressed the challenges encountered in the early days of fundraising for Solana’s development. He mentioned offering conditional angel investments to those he spoke with, contingent upon securing a lead investor, especially when potential investors hesitated to take the lead.
The Solana visionary underscored the persistence it took to gather $500K in angel investments, delivering hundreds of pitches over a span of more than two months. Yakovenko highlighted the skepticism of many venture capitalists during that period, expressing reluctance due to the perceived saturation of the alternative Layer 1 thesis.
Interestingly, Yakovenko’s reflection on Solana’s modest origins aligns with the recent remarkable performance of SOL in the crypto market. Over the last 90 days, SOL has witnessed an astonishing 312% growth, surging from $18.3676 to an impressive $75.664. This surge has garnered significant attention and admiration within the crypto community, portraying Solana as a project that continues to surpass expectations and make waves in the industry.
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